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Receiver in at Crane Engineering

24th January 1987
Page 78
Page 78, 24th January 1987 — Receiver in at Crane Engineering
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Which of the following most accurately describes the problem?

• Low-load trailer builder Crane Engineering, of Kettering. Northants, whose products carry the name Trailmaster, has appointed a receiver. The company's managing director Peter England says, however, that he and sales director Colin Ess, in conjunction with a finance company, are preparing a management buy-out rescue plan.

It is their intention, he says, to drop the company's general steel fabrication work other than trailer frames, enabling it to occupy smaller premises with lower overheads.

Continuing Department of Transport delays in finalising its revised Special Types legislation (covering the movement of indivisible loads) have had the effect of drastically reducing UK demand for low-loaders says England.

Permitted axle weights and trailer dimensions for ultra-heavy haulage working have been proposed but not confirmed. This has been the most damaging single influence on Traiknaster business, according to England.

When the new regulations come into force, the low-loader market ought to experience a major revival.

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